Posted 2 weeks ago

Compensation Analyst

Company: Ace Hardware
Category: Professional Services

 Hybrid, Oak Brook

Type: Full Time

Ace Hardware seeks a Compensation Analyst to join their team. As a Compensation Analyst at Ace Hardware, you will play a key role in implementing and administering their compensation philosophy and programs for a diverse workforce, including corporate, distribution, and field-based employees. This position will provide analytical and other professional level compensation support as it relates to the annual merit process, incentive programs, job documentation, job evaluation, salary administration, salary survey data collection, legal compliance research and special studies. This role is essential in ensuring competitive, compliant, and effective pay practices that support Ace’s business objectives and values. Compensation range is $76,300 – $95,500 per year. Comprehensive health coverage (medical, dental, vision and disability – up to 26 weeks short-term disability and long-term disability) & life insurance benefits for you and your dependents; 40k retirement savings; 21 days’ vacation days, 6 paid holidays; employee discounts; and more.
What You’ll Do:

  • Assist with interpretation and administration of compensation programs, including annual merit and incentive plans.
  • Create and maintain compensation pay plans and salary structures for all locations.
  • Lead annual merit process execution, including testing, costing, communications, and audits.
  • Audit incentive goals and analyze reports to ensure accuracy.
  • Perform job evaluations and partner with HR to review and document roles using Hay Point Factor tool.
  • Conduct salary and labor market research; participate in annual salary surveys.
  • Advise HR Business Partners and managers on compensation issues.
  • Monitor compliance with laws and regulations, research new compensation practices.
  • Perform compensation-related audits and process changes.